BRN vs FGBI: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and First Guaranty Bancshares, Inc. (FGBI) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and FGBI?
Across a 3-year window, the weekly returns of BRN and FGBI correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -534.0 %².
Within BRN's tracked universe of 35 assets, FGBI comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FGBI ahead by 21.8 points (-19.1% versus +2.7%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BRN vs FGBI: side by side
| BRN (Barnwell Industries, Inc.) | FGBI (First Guaranty Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +2.7% |
| 5-year return | -58.9% | -46.6% |
| Volatility (ann.) | 53.1% | 52.8% |
| Beta vs S&P 500 | -0.22 | 0.28 |
| Max drawdown (3Y) | -68.5% | -70.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRN | FGBI |
|---|---|---|
| 2022 | +2.8% | +18.2% |
| 2023 | -16.5% | -50.2% |
| 2024 | -37.9% | +6.6% |
| 2025 | -26.5% | -52.5% |
| 2026 | -14.0% | +51.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and FGBI good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and FGBI?
As of 2026-08-27, the correlation of weekly returns between BRN and FGBI is -0.19 over 3 years, -0.16 over 1 year and -0.12 over 5 years.
Is FGBI a good diversifier for BRN?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brn-vs-fgbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-fgbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · FGBI correlations
